Tag Archives: Sebi

Paytm's founder and CEO, Vijay Shekhar Sharma, has settled a case with the Securities and Exchange Board of India (SEBI) over violations concerning employee stock options (ESOPs). The case, which stemmed from Sharma's receipt of 21 million ESOPs, was settled with both Paytm and Sharma agreeing to pay a fine of ₹11.1 million each.

Former Securities and Exchange Board of India (SEBI) chief Madhabi Puri Buch, along with five others, has approached the Bombay High Court seeking to quash a special court’s order directing the registration of an FIR against them for alleged stock market fraud.

The Securities and Exchange Board of India (SEBI) has announced that it will challenge a special court's directive to file a First Information Report (FIR) against its former chairperson Madhabi Puri Buch and five other officials in connection with alleged stock market fraud and regulatory lapses. The market regulator contends that the court acted on a "frivolous" petition and did not provide SEBI an opportunity to present its case.

The Central government has appointed Finance Secretary Tuhin Kanta Pandey as the new Chairman of the Securities and Exchange Board of India (SEBI) for a tenure of three years. Pandey will succeed Madhabi Puri Buch, whose term as SEBI chief concludes at the end of this month.

In a recent development, Embassy Office Parks REIT, India’s largest real estate investment trust, announced that its CEO, Aravind Maiya, will be stepping down from his position, effective immediately. This move follows an interim order by the Securities and Exchange Board of India (SEBI), which directed Embassy Office Parks Management Services, the managing entity of Embassy REIT, to suspend Maiya.

In a major development, the Securities and Exchange Board of India (SEBI) has imposed a ₹1 crore fine on Jai Anmol Ambani, son of industrialist Anil Ambani, for alleged irregularities in Reliance Home Finance. The market regulator accused Jai Anmol of approving unsecured loans amounting to ₹40 crore without exercising proper due diligence.

A recent incident involving an employee of the Life Insurance Corporation of India (LIC) has sparked regulatory scrutiny and resulted in disciplinary action. The employee was found to have engaged in front-running activities using their deceased father's demat account, leading to their dismissal from LIC. Here's a summary of what transpired and the responses from LIC and the Securities and Exchange Board of India (SEBI).

The ongoing Adani-Hindenburg controversy has taken a new twist as a petitioner involved in the case has alleged that the Securities and Exchange Board of India (SEBI) withheld crucial information from the Supreme Court and failed to act promptly on Directorate of Revenue Intelligence (DRI) alerts related to alleged stock manipulation by Adani companies.

The Enforcement Directorate (ED) conducted searches in Hyderabad at the residences of Brightcom Group's CEO and CFO, and the premises of the company's auditor, resulting in the seizure of cash, gold, and bullion. The company has been facing regulatory scrutiny, including fines by SEBI and recent actions against its executives.

In response to the rising number of fraud cases and misleading financial advice given by so-called "finfluencers" on social media, the Securities and Exchange Board of India (Sebi) has announced its intention to implement measures to curb the promotion of the "crorepati dream" on digital platforms.